Spurs sign coach Gregg Popovich to a multi-year contract extension

The Spurs announced on Wednesday the signing of coach Gregg Popovich to a multi-year contract extension. Terms of the agreement are not yet known.

Popovich, 65, has served as San Antonio's coach since 1996, compiling a 967-443 (.686) and winning five championships. Under Popovich, a three-time Coach of the Year honoree, the Spurs have won at least 60 percent of their regular season games for 17 consecutive seasons.

It has been a widely held assumption that Popovich will step away from the bench whenever Tim Duncan decides to retire, as Popovich has indicated in the past that is his plan. Despite speculation that Duncan might choose to go out on top following San Antonio's 2014 Finals victory, the 38-year-old franchise big man elected to pick up his $10.3 million player option for the 2014-15 season.